Don’t let the good ones getaway on Hilton Head Island!

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In order to get a good property at a great price it is important to be in close contact with your Realtor on Hilton Head Island.  We are seeing deals pop up and sell quickly.  If you are a prospective Hilton Head purchaser and want to catch a rippin good deal,  the key to getting a great property at a great price is to have your Realtor call you as soon as they find something that matches your present or future needs.  Agents can also e-mail New Listings “ASAP” through a free Link by your MLS Realtor.   Read the rest of this entry



Ain’t no pity in be-back city!

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Hilton Head Island is a be-back city. 

Face it, most of the Hilton Head buyers live somewhere else.  With an annual population of only 35,000, Hilton Head’s primary buyer pool exists in it’s 2.5 million annual visitors.  These are the be-backs that will return either every week, every month or every year until they buy something.  Of course, Real Estate Agents on Hilton Head Island want these be-backs to know that if they cannot find as nice home as they saw on their last visit, or they cannot negotiate as much, or the interest rates are higher, don’t blame it on us! Read the rest of this entry



Springtime Gardening on Hilton Head Island!

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If you are ready to start your Hilton Head area spring gardening, here are two ideas.

  1. Plant a medicinal herb garden(enjoy the article below) or contact Kaycey Hadl to plant a herb garden for you!  Not only does her company do terrific landscape design, they also provide installation and maintenance.  There email is anchorland@gmail.com
  2. Call Christine at Sea Pines CSA for a truckload of Mulch for your flower beds.  Of course, you may have to wait for delivery(there were 28 loads in front of mine and I have to wait a week or two), but the mulch is free(with the exception of any gate fees).  The phone number for the free mulch is (843)671-1343.

Read the rest of this entry



Has Hilton Head hit the Bottom?

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According to our experts, here is what to expect in 2010!

Experts in the Hilton Head real estate market include the builders, the realtors, the attorneys, the lenders and the rental agents.  We asked our trusted advisors to tell us what they see in the year ahead in real estate on the Island.  Feel free to contact these professionals directly as they are the best of the best! 

Inventory levels are now dropping on Hilton Head Island!

According to our recent market research, we have now turned a corner in the real estate market on Hilton Head Island!  We have seen a significant drop in supply in just the last month(over 10%!).

Inventories are dropping!  (Hilton Head Multiple Listing Service)

Type                  Nov 2009           Dec 2009          Jan 2010

Homes              2,422                    2,366                  2,174

Villas                1,156                     1,123                   1,014

Lots                  1,680                     1,646                   1,492

As inventory levels drop, by mid summer we should see less days on the market and less negotiability.  If you want a great property at a great price the sooner you make your move the better your chances to find!  One final thought…if you are a buyer, be sure to wire escrow deposits, as they now take up to 10 days to clear many of the banks today.  (If you have questions about real estate or the information above you can contact us directly at (843)842-0805 or by e-mail at robbie@robbiebunting.com)

Interest Rates have bottomed out according to our lender!

We are expecting rates to remain near the all time lows for the next few months, and then rising gently through the year.   The Federal Government has been financially supporting the low rates, and will continue to do so until the housing market is clearly in recovery. Our prediction by year end: Fixed rates will still be in the high 5’s/ low 6’s , adjustable  rates  in the 5’s, and jumbo mortgages will be in the high 5’s…..in other words, an overall increase of ¾%.   Buyers beware: 2010 is the low, and you really need to pull the trigger for the best rates this year. 

(If you have questions about loans or the information above you can contact David Crowell directly at (843)842-4004 or by email at dcrowell@mortgagenetwork.com)

Demand continues according to our long term rental agent!

Long term rental demand starts traditionally in March and lasts through September as a general rule.  The length of time it takes to rent a property is approximately 2 months, but it can vary, as a rental home that is rental ready, light, bright and updated will rent quicker. Furnished homes usually appeal to snow birds or people with a temporary need and usually take longer to rent. Unfurnished homes are the bulk of the long term rental market, as most people have their own furnishings.

We feel the long term rental market will be good for 2010, as there is shortage of available homes under 2,400 sq. ft. We think it is a good time for people to buy, as prices and interest rates are low and the supply for available long term rentals is low. 

(If you have questions about long term rentals or the information above you can contact Keith Miller at (843)682-4310 or via e-mail at Keith@millerlongterm.com )

Give yourself time in the closing process per our attorney!

Patience is the key for those involved in seeking either to sell or those who may be purchasing at somewhat of a bargain-basement price.  Cary Griffin indicated that 2010 will likely be full of attempted sales by sellers under duress, or “short sales”, as well as sales by lenders who have already foreclosed or taken back the property in one fashion or another.  These types of transactions tend to be bureaucratic and slow moving, but there are benefits if they are successfully completed.   Hence, both parties should expect a longer time period between contract and closing. 

From the buyer’s perspective, obviously interest rates are a key focal point.  Also, consider the fact that as of now, in 2010, there is no federal estate tax.  Therefore, buyers should consult with their estate planning advisors as to how to take title to a new primary residence or a second home as the federal estate tax documents come back to life in 2011 with higher rates and lower exception amounts than existed in 2009.  “Stay tuned” is the best advice here.

(If you have questions about contracts/closings or the information above please contact Cary Griffin at (843)785-2171 or cgriffin@mcnair.com )

Get in front of the line and build/remodel before everyone else!

2010 is starting off with great promise. There are several factors driving a stronger building market in 2010. Homeowners are seeing that the economy is on a rebound and see prices only going up from here. The timing today offers the advantage of lower costs for both construction and prime locations(tear downs are once again in favor!) 

Construction costs will start to climb in the latter part of the year as demand increases. As always, make sure that your builder/contractor uses the right quality materials for the desired end product. As consumers are looking for the very lowest price, hungry contractors might sacrifice the quality of the material to get the price that the homeowner wants. In some instances, this may not be bad – in others, it could be a problem. Communicate with your contractor to insure that you get what you want.

Overall, construction costs are currently lower than the past few years, however, as the building market continues its long and steady re-growth, costs to build will increase accordingly. Don’t wait, start building now! 

(If you have questions about building/remodeling or the information above, please contact Scott Bunting at (843)384-7468 or e-mail SBunting@buntingcompany.com)

Buy now and get ready for busy summer rental season!

This past year was very promising as we exceeded our goals in the rental market for 2009. This is the time of year where property owners are doing all the upgrades and renovations getting ready for the busy rental season ahead.  This is also the time of year where any owners wishing to change rental companies or join a rental company usually make those choices so that there is minimal loss of potential revenue. We have been booking rentals thru the winter and already have a high demand for properties during the march thru September months as our bookings are up 75% over last year. We are booking for the summer now and things are filling in very nicely. We are currently still taking Ocean View/Front properties, Near Ocean and some golf locations. We are also, in need of 4 bedroom or larger homes on the ocean or Near Ocean. We are running special packages for Palmetto Dunes for 2010 that are sure to keep everyone back for more. 

(If you have questions about short term rentals or the information above, please contact Mark Shackelford at (843)686-9638 or e-mail at mshackelford@palmettodunes.com )

Can you see the bottom from where you are standing?

We would love to hear from you what you are seeing from where you are standing in the current market.  Please e-mail us robbie@robbiebunting.com.  Thank you!



November Market Trends 2009 ~ Hilton Head Island

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November 2009 Update and Market Trends Report

Buyers will rush in to get the lower rates and better properties this winter on Hilton Head Island.  Values are available in all areas of our real estate with the market now building from the bottom up.   If you are a buyer or seller we would be happy to share with you how this relates to you and your timing.  

Hilton Head Market Trend Report for November 2009

We appreciate the opportunity and trust!  It is our goal to provide exceptional service, create raving fans and help our clients and friends succeed!  Please feel free to e-mail us today or call us any time at 800-932-3652.  Thank you.

All the best,

 

Robbie Bunting & Jane Hyers

P.S.  Be sure to mention our FLY & BUY OFFER if you will be buying property from us this fall.  Thank you.



When is the best time to buy property on Hilton Head Island?

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Dear Friends, Clients and Fellow Associates~

The next four months or on Hilton Head Island will be busier than ever before.  The market has been building with 3 properties selling per day in October and in November we are now averaging 4 properties sold per day.  We will see more sales in the “off season” as buyers rush to grab the lower interest rates and better properties offered. 

Opportunity is when luck and timing collide.  If you are lucky enough to visit Hilton Head Island this winter you will discover timing.  The low interest rates, the return of the stock market and the buyer tax credit will affect our limited supply of real estate during our off season this year.  Of course, the “off season” offers many reasons to visit including “off season” access, “off season” accommodations, “off season” pricing, “off season” negotiations, “off season” weather and bottom of the market.  A buddy of mine told me  recently “the real estate bottom is so close, you can reach out and touch it”.  We are now negotiating bottom or below bottom!

Bottom will wait for no one.   Take action now and book a trip to Hilton Head Island this November, December, January or February.  Prices are now stabilizing and properties are selling.  If you wait until spring, you will pay a higher price   Call your REALTOR today.  Before your arrival have your agent set you up with a  free private MLS Link to start getting you familiar with the properties offered.   This is a great way to do some research prior to your arrival via internet. 

You will lose money if you wait.  Interest rates are set to go up in March 1% or more.  This means you will lose 10% of your purchasing power if you wait til summer.  Make your plans now.  We have lenders that contact us daily with money offers that are beyond belief, we have Jumbo lenders that have 80% Jumbo Money and very low rates.  In fact, we have Interest rates that start as low as 3.5%.  It is important to ask your Realtor to put you in touch with a lender before your visit.  Money talks when you negotiate and by spending a few minutes with a lender on the phone, you will save a few thousand dollars(or more) in your negotiation.  Be sure to ask your lender for a  prequalification/comfort letter!  This is almost the same as a cash offer when it comes to negotiating. 

You will lose the best property if you wait.  We currently offer for sale the power of three including superior locations, incredible interiors and unbelievable pricing.  These properties always sell first.  If you wish to take advantage of these you must make plans to visit the Island before everyone else does.  Although this has been a constipated market in the past, everything is moving now!  Some of the best Hilton Head deals include a 1.5 million architectural home now offered for only $849,000, a new oceanfront under $4, incredible villas $400 –  ,unbelievable homes under $800k, fantastic estate homes over $800k +, unbelivable villas over $400, and chance of a lifetime land opportunities, these properties and locations cannot be beat!

Buy in the “off season” and enjoy it “in season”!  If you are like most of our visitors to Hilton Head, you travel to Hilton Head Island during the seasons of spring, summer and fall.   The reason we are telling you to act now is that we don’t want you to be upset when you visit!  The best deals will be made this winter.  In fact, no one can argue that we will ever have better properties, better prices, better locations or better interest rates than we have now.   Market has created opportunity, one that we most likely will never see again!   

From an Island that offers opportunity,

We are~

Robbie Bunting & Jane Hyers

P.S. ~ The last 4 recessions were officially announced an average of 522 days (17 months) after they were over.  How are you going to get the best property at the best price?  Buy it in our off season and enjoy it in season!



Blog Hilton Head – Archive August 27 2009

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It’s time to be quiet and greedy!

Dear Clients, Friends and Fellow Associates~

 
The Real Estate Market right now on Hilton Head Island is a lot  like an auction.  The other day I went to an auction and watched most of  the pre-qualified bidders waiting for a sign or signal before making their move.  While these “bidders” twisted in their seats, a few market brave buyers made their bids, but only one very quiet bidder sitting in a corner ultimately got the property.  In my opinion that buyer made money that day and is smiling all the way to the bank.
 
It is time to be greedy and quiet! Warren Buffet best said “Be fearful when others are greedy and greedy when others are fearful”………………..+++CLICK HERE TO READ MORE.

Here’s what else you can find in this week’s news:
 

+++CLICK HERE for a PASS or Fail Exam for serious sellers.  Makeup exams will be next year for sellers that fail this exam.

+++CLICK HERE for our fall mini vacation for buyers including a $1000 travel allowance and warranty. 

+++CLICK HERE for a free warranty for listings & our buyers purchases

+++CLICK HERE for our dream big program for current property owners.

We look forward to hearing from you soon and seeing you this fall on the Island! 

 

All the Best~

 
Robbie Bunting
& Jane Hyers 

800-932-3652 

 
P.S.  Now that fall is here it is time to get out and eat!  +++CLICK HERE for our famous “Latte Lu’s Restaurant Guide” with his favorites and suggested dishes at each!

 

Join Our Mailing List
 

800-932-3652

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Taxes on Hilton Head Island ~ A tale of two taxes

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Here is the latest on our property taxes from my friend and accountant Bob Arundell.  If you wish to contact him or ask him a question, Bob can be reached at (843)785-8040 or his email is bob@mhalawfirm.com

Robbie:

A lot of people came away from a recent article about an adjustment to the School District’s tax mill rate with the idea that their tax bill, when compared to last year’s tax bill, was going up.  THAT IS NOT CORRECT.

The complexity and nuances of public education funding makes it real easy for the average person to arrive at an erroneous conclusion.

I did a presentation to the Chamber of Commerce’s Government Affairs Committee and used a hand-out that I thought you might find useful.  It explains what really happened and why, on average, your taxes did not go up. Click on the underlined link to read more: BCSD – Tale of Two Taxes

Call me if you have any questions.

Bob Arundell

(843)785-8040



Leamington Market Trends ~ August 2009

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Dear Leamington Property Owners and Friends~
 
Linked below, please find a copy of the August 2009 Leamington Market Report.  These reports will be sent the first week of every month to you.  Please let us know if you would like to add a different email or name to this report.

Leamington Home and Homesite Market Report August 2009

As we look forward, we anticipate increased showing activity and a corresponding increase  in contracts this fall.  Our properties are beautiful, the prices are extraordinary and mortgage money is once again flowing into our market.  Please give us a call if you need anything as it relates to your property and the enjoyment of Hilton Head Island.  Thank you.

All the best~
Robbie Bunting &
Jane Hyers
TOP Agent Palmetto Hall since 1991

P.S.  We have worked very hard keeping our blog updated with useful information about the Island, New Trends and great ideas.  Please visit www.BlogHiltonHeadRealtor and let us know what you think.  We would love ideas for articles that we can share with others!



Rental Homes Needed on Hilton Head Island!

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Dear Friends, Clients and Fellow Associates

If you are thinking of moving to Hilton Head sometime in the distant future, it makes sense right now to take advantage of the selection of properties, the low interest rates and rent it until you make your big move.  I have many friends that bought their property before they made the move and rented it.  Some have rented for over 10 years before making this move.

If you are interested in exploring this program with us, let us know and we will set you up on a Free Research Link for homes, villas and lots on or off the Island.  This is the hottest new program and you will love the ability to reseach these properties from your home or office staying anonymous until you are ready.   As well, right now we have demand for rental homes(see below).  Email us at robbie@robbiebunting.com to get your Free Research program set up. 

The market is moving…are you!

All the best,

Robbie Bunting &
Jane Hyers

A Message from Keith Miller, Owner of Miller Long Term Rentals

If you have a buyer that is interested in buying a house to take advantage of the lower prices and interest rates, but they are not ready to move at this time, they should consider buying and placing their purchase on the long term rental market. The inventory of  available homes under $2,000 is very low. Meaning a rental ready home priced under $2,000 has a good chance of renting well.   Let me know if you have any further questions.

Keith A. Miller, PMIC
Miller Long Term Rentals Inc.
4 Dunmore Court, Bldg A, Suite 102
Hilton Head Island, SC 29926




Copyright © 2021 Hilton Head Real Estate. All rights reserved. Disclaimer: All content on this blog is my own opinion and should not be treated as fact or relied upon when purchasing or selling real estate.
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